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Notes
- Abstract:
- China's economy grew at an average annual real growth rate of 9 percent over the last three decades. There has been debate over the sources of the Chinas economic growth. Growth accounting model, such as, the Solow Growth Model at the aggregate level suggests diminishing returns in Total Factor productivity in China. The non-agricultural sector has been in doubt about the contribution of TFP improvements to growth. For the period between 1978 and 1998, demonstrates a deepening role for labor, including the reallocation of workers from agriculture, while more recent analysis points to the role of rising rates of Foreign Direct Investment (FDI). This paper develops three ideas to quantify the sources of China’s economic growth. The sectors include agriculture, and within non-agriculture, the state and non-state components, for example, Township Villages. The data also shows significant misallocation of capital: The less efficient state sector continues to absorb more than half of all fixed investment and the contraction of FDI. In order to quantify the true growth potential and future possibility of Chinas economy, the Solow growth Model was used to prove diminishing returns. Finally, in light of important concerns over data, other studies were compared to prove Total Factor Productivity results and diminishing returns in Chinas economy.
- Thesis:
- Thesis (Honors)--Barry University, 2011
- Bibliography:
- Includes bibliographical references (leaves 46-54)
Record Information
- Source Institution:
- Barry University
- Holding Location:
- Barry University Archives and Special Collections
- Rights Management:
- Copyright Raul Ballester. Permission granted to Barry University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.
- Resource Identifier:
- HC427.95 .B35 2011_BallesterRaul ( BU-Local )
- Classification:
- HC427.95 .B35 2011 ( lcc )
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